They still think crypto is easy to manipulate? - CEO Crunchbase

[posi]

There is no denying the fact that the crypto market is highly volatile and can be manipulated, but not as easily as the article talks about.

It is true that cryptocurrencies are decentralized, but there are some whales that control and manipulate the crypto market, but they do not have complete control over the market. Of course, they can direct it in the direction they want, but in the end they are also interested in preserving the survival of the crypto market, otherwise they will lose millions of dollars.

Whales are the main players in the Crypto market as well as in dollar stock exchanges. Whales also manipulate stock exchanges. Why doesn't the article talk about that as well?

Any financial market has whales, but the difference is clear between cryptocurrencies and stocks. Stocks are regulated and monitored by law enforcement, so manipulation is behavior that could land you in jail, but with the crypto market being a free market, there are no regulations, the manipulation will not be controlled by anyone and does not violate the regulations. That's why sharks love to operate in the crypto market, and I believe that with bitcoin's $400 billion market cap, manipulation shouldn't be too difficult for sharks.

[MoonOfLife]

Bitcoin is still a speculative market, nothing more and there is no regulation on it yet so manipulation is what is happening. You would be naive to assume that decentralized bitcoin cannot be manipulated. Remember what Elon did in 2021, just one of his tweets was enough to make the market move, let alone spend money to manipulate it. No asset class is dependent on supply and demand that can fluctuate several tens of percent in a day.

Well, Bitcoin is growing more and more mature every year. Musk tweeted some bs later and it didn't work - Bitcoin didn't react. In 2017 mailmen and grannies selling caused Bitcoin to dump and end it's cycle. Do you think it could be possible today? 

Don't you remember the story in the 2021 bull season, Elon manipulated bitcoin with a few tweets? Bitcoin stopped reacting after that, as everyone realized that Elon's intention was just to take advantage of it. But it shows bitcoin is too easy to manipulate.
Yes, bitcoin is constantly growing, but when the market cap is 1000 billion dollars, it is smaller than a US technology company, and what fairness do you expect in this market? The gold market has a capitalization of over $11 trillion, and the stock market is over $70 trillion. Do you think bitcoin is big enough to not be manipulated?

[yhiaali3]

Any financial market has whales, but the difference is clear between cryptocurrencies and stocks. Stocks are regulated and monitored by law enforcement, so manipulation is behavior that could land you in jail, but with the crypto market being a free market, there are no regulations, the manipulation will not be controlled by anyone and does not violate the regulations. That's why sharks love to operate in the crypto market, and I believe that with bitcoin's $400 billion market cap, manipulation shouldn't be too difficult for sharks.

It is true that the stock exchanges are regulated and legal but manipulating the stock exchange markets is not against the law and I don't think it can land the whales in jail.

Usually, the whales bet on the fall of the shares of a company and start buying them strongly at a good price, then they start selling at a loss until the rest of the investors panic and sell their shares at a cheap value, then the whales return to buy these shares again at cheap prices.

This is legal market manipulation because there is no law preventing it from happening and whales will not go to jail for this manipulation as long as they do not commit any violation.

[Woodie]

How can he say and compare between the market cap of Tesla stocks and crypto market and state that it's easy to manipulate because both of them have mere difference of 350 billions dollars. He thinks, 1 trillion dollar is very small market cap for the crypto and it could be easily manipulated.

One trillion dollars is definitely not pocket change, and I hate to admit it but Ronald AngSiy could be right on possible manipulation of crypto because of how crypto is designed... If you have taken a keen interest at the order book when ever you take trades i.e buy or sell a crypto coin... You can literally see this action by the candles printing pattern, now imagine someone with deep pockets moving around their money  they certainly can manipulate price... And the fact that crypto users like to go with what the market is doing by trying to catch the next wave... The whales can have the gasoline and  everyone else can be the match stick and that's how you get a big reaction.

Isn't crypto is also a technological advancement that was invented very recently and also under stringent jurisdiction all over the world?

Stringent jurisdiction??? I don't follow... AFAIK with cryptocurrencies been decentralized in nature, I don't see how any law can actually tame the raging bull to bring it under their control.

Another point he forgot to consider is, decentralization. How one can get to manipulate such market which is distributed through public ledger down to the pennies!

It's decentralized nature has no fair play rules, meaning the big boys will play around with their  money and affect crypto negative or positively without having rules to stop such actors.

[Smartprofit]

I agree that the cryptocurrency industry can be manipulated by stock market sharks.  Stock market sharks have vast experience in dealing with stocks, bonds, derivatives and other securities. 

At the end of 2017, one of the Wall Street speculators said that they (the stock market sharks) managed to rein in Bitcoin and it is now completely controlled.  It was about the introduction of tradable Bitcoin futures.  This financial system allowed Wall Street speculators to manipulate the price of Bitcoin. 

As for other cryptocurrencies (with a small capitalization), their price is even easier to manipulate.

[S A KHAIR]

I agree that the cryptocurrency industry can be manipulated by stock market sharks.  Stock market sharks have vast experience in dealing with stocks, bonds, derivatives and other securities. 

At the end of 2017, one of the Wall Street speculators said that they (the stock market sharks) managed to rein in Bitcoin and it is now completely controlled.  It was about the introduction of tradable Bitcoin futures.  This financial system allowed Wall Street speculators to manipulate the price of Bitcoin. 

As for other cryptocurrencies (with a small capitalization), their price is even easier to manipulate.

Many people are still naive to think that bitcoin is decentralized so it cannot be manipulated, what happens in the market is due to supply and demand. Of all the financial markets, I believe bitcoin is the most manipulated and a place to launder the money of tycoons. That's why bitcoin could exist to this day, otherwise, the government would have eliminated it a long time ago.

[Yatsan]

This technology is so complex. The nature of market price volatility itself cannot be mnipulated so how come would it be?

Bitcoin is still a speculative market, nothing more and there is no regulation on it yet so manipulation is what is happening. You would be naive to assume that decentralized bitcoin cannot be manipulated. Remember what Elon did in 2021, just one of his tweets was enough to make the market move, let alone spend money to manipulate it. No asset class is dependent on supply and demand that can fluctuate several tens of percent in a day.

Well, Bitcoin is growing more and more mature every year. Musk tweeted some bs later and it didn't work - Bitcoin didn't react. In 2017 mailmen and grannies selling caused Bitcoin to dump and end it's cycle. Do you think it could be possible today? 

Don't you remember the story in the 2021 bull season, Elon manipulated bitcoin with a few tweets? Bitcoin stopped reacting after that, as everyone realized that Elon's intention was just to take advantage of it. But it shows bitcoin is too easy to manipulate.
Yes, bitcoin is constantly growing, but when the market cap is 1000 billion dollars, it is smaller than a US technology company, and what fairness do you expect in this market? The gold market has a capitalization of over $11 trillion, and the stock market is over $70 trillion. Do you think bitcoin is big enough to not be manipulated?

Prices are highly reactive to things which cause hype. This is simply because value depends solely with demand. An individual like elon has the credibility and monetary power to prove his claims which easily convinces many small investors to follow into him. Then a wave will be created resulting to a trend. Try it yourself, doing the same thing. Not all people will believe you because of your impressions to them. People are easily following such hype things because of the influencer's image. Wherein all of these would fall under category of persuading individuals through self image.

[vv181]

What makes cryptocurrency prone to manipulation is that centralized entities, i.e. exchanges, and centralized lending platforms, are lacking regulation compared to stocks that what he is talking about. It is truly on another level considering the recent FTX made some of us either users or governments shocked out of the blue.

We can see that cryptocurrency spaces and markets are getting more scrutinized, we can see stablecoin regulation getting tighter, and in some countries, there is a specific need for what coin/token that can or can't be listed. I think there is a line that need to be addressed by authority for centralized cryptocurrency platforms, because that is what some people want.